US Manufacturing Jobs Will Grow As Japan’s Carmakers Move Capacity To North America

All three of Japan’s largest automakers are pushing to locate production of cars meant for the U.S. market, primarily in Mexico and U.S. Toyota, Honda and Nissan are all recovering from supply chain disruptions caused by last year’s tsunami in Japan and floods in Thailand. Localizing production for the U.S. market provides a natural hedge against supply chain disruptions. Moreover, the continued high value of the Japanese yen against the dollar means that it is now more expensive for Japanese car companies to ship cars overseas. Read more: